Reduced-Rural Building Supplies,40yrs-Still Strong

Not Disclosed, TX


Asking Price: Annual Revenue:
$2,799,000 $4,867,000

Services: Construction, Contractors


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RE: Reduced-Rural Building Supplies,40yrs-Still Strong Broker: Robert Latham
Owner Financing is Available!

Quick Facts

Asking Price: $2,799,000
Annual Revenue: $4,867,000
Net Profit: Not Disclosed
Cash Flow: $666,300
Total Debt: Not Disclosed
FF&E: $168,000
Real Estate: Not Disclosed
Year Established: Not Disclosed
Employees: 5
BBN Listing #: 572444107
Broker Reference #: 76931-742742

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Business Overview:

EVEN STRONGER this year than last in spite of the COVID shutdown. This building supplies and hardware store was founded over 40 years ago and is well located in east-central Texas (Houston-Austin-San Antonio triangle) to serve a number of developing communities increasingly in demand by city dwellers seeking a weekend getaway or slower paced lifestyle, yet still less than a 2 hour drive from some of Texas' largest cities. Independently owned, it operates within a nationally branded cooperative enabling it to benefit from its buying power for competitive materials costs, fast delivery and a wide product selection. Over the past 5 years, revenues and profits have been quite steady averaging annual sales of over $4.5MM and total cash flow of over $600,000. This is a great opportunity for a regional brand to expand its footprint.

In spite of the pandemic, sales have remained strong at this business! Texas is opening up and coming back strong.

Real estate valued separately but will be part of the transaction. SBA financing is available for qualified buyers. Seller's will consider partial financing if not subject to standby.

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Property Features and Assets:

Owned by one of the shareholders, the property has over 50,000 Square Feet of covered area with approximately 3,000 Square Feet of office and showroom, situated on a 2.9AC tract. Well laid out yard with concrete u-shaped drive for pickups and deliveries. Plenty of land available for expansion.

Reason for Selling:

Retirement

Additional Details:

  • The property is leased.
  • The owner is willing to train/assist the new owner.
  • This is not a homebased business opportunity.
  • This is not a franchise resale opportunity.

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